Williams Partners Announces FERC Approval of Transco Expansion Projects in New York City and Virginia
July 28 2016 - 4:30PM
Business Wire
- The New York Bay Expansion will deliver
additional natural gas to New York City during the fourth quarter
of 2017
- The Virginia Southside II Expansion
will deliver additional natural gas to southern Virginia during the
fourth quarter of 2017
Williams Partners L.P. (NYSE: WPZ) today announced that the
Federal Energy Regulatory Commission (FERC) has approved
applications for both the New York Bay Expansion and the Virginia
Southside II Expansion projects, two fully subscribed,
demand-driven Transco expansion projects designed to provide
natural gas service in 2017. The New York Bay Expansion is designed
to serve increasing local distribution demand in New York City
while the Virginia Southside II Expansion will help fuel new
electric-power generation in Virginia.
“The New York Bay Expansion and Virginia Southside II Expansion
projects add to our growing list of Transco projects that connect
North America’s abundant natural gas supplies to long-term demand
growth from local distribution companies, industrial and power
generation customers,” said Rory Miller, senior vice president of
Williams Partners’ Atlantic-Gulf operating area. “Our Transco
pipeline infrastructure continues to connect prolific natural gas
supplies with some of the fastest growing gas markets in the
U.S.”
Construction on each project is expected to commence during the
fourth quarter of 2016, with each scheduled to be placed into
service during the fourth quarter of 2017.
The New York Bay Expansion is designed to bring 115,000
dekatherms per day of firm transportation capacity into National
Grid’s distribution system to the Rockaway Delivery Lateral and the
Narrows meter station.
The Virginia Southside II Expansion is designed to provide
250,000 dekatherms per day of firm transportation capacity to a
delivery point on a new lateral off Transco’s Brunswick Lateral in
Virginia, providing additional natural gas needed to serve a new
1,580-megawatt combined-cycle, natural gas-fired generation
facility that Dominion Virginia Power is constructing in
Greensville County, Virginia.
Transco, a wholly owned subsidiary of Williams Partners, is the
nation’s largest and fastest-growing interstate natural gas
transmission pipeline system. It delivers natural gas to customers
through its 10,200-mile pipeline network whose mainline extends
nearly 1,800 miles between South Texas and New York City. The
system is a major provider of cost-effective natural gas services
that reach U.S. markets in 12 Southeast and Atlantic seaboard
states, as well as international markets.
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap
natural gas infrastructure master limited partnership with a strong
growth outlook and major positions in key U.S. supply basins and
also in Canada. Williams Partners has operations across the natural
gas value chain from gathering, processing and interstate
transportation of natural gas and natural gas liquids to petchem
production of ethylene, propylene and other olefins. Williams
Partners owns and operates more than 33,000 miles of pipelines
system wide – including the nation’s largest volume and fastest
growing pipeline – providing natural gas for clean-power
generation, heating and industrial use. Williams Partners’
operations touch approximately 30 percent of U.S. natural gas.
Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of
large-scale North American natural gas infrastructure, owns 60
percent of Williams Partners, including all of the 2 percent
general-partner interest. www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20160728006604/en/
Williams Partners L.P.Media Contact:Christopher
Stockton, 713-215-2010orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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